STP take so long now approve also no news, they buy buy London then talk PLC also now cancel, now they talk talk JV partner. Can or not happen? Answer: No it won't happen under Eric Chan the banana. He has no ability to make things happen. All on this ship will die
LKS Ecoworld and Tan Sri Quek Leng Chan tie up on global property business. E&O wasted too much time on rubbish here and there and allowing the share price to drop half to be any significant threat to anybody. Sigh
I am willing to give them a chance but they cannot screw up anymore. Read our very goooood comments for 4-5 yrs until we couldn't tahan anymore when stp2 screw up
Not logical for Mr Tham to acquire the price at RM2.60 and the share currently trading at RM1.6+, apparently he need to fork out additional RM126mil for this acquisition. As a businessman, if the share not worth more than RM2.60, he won't spend additional money on this. Besides, he can borrow additional money to buy over the valuable land in Penang and later on sell back to E&O at high price. (Experience from Founder of Tropicana).
he sold to sime darby is 2.30 per share(that time trading around 1.50 per share), rite now hes buying back with 2.60, resonable. if he open with market price (1.60), he never have a chance to buy back from sime darby. this is property sector , dont recommend to hold, just hit and run. beside that iskandar how many project have been abandon.
jlh14, is this the news you mentioned about? It is a good news. Just that market in general was too bad and the price has dropped a lot before this. Price has come back up after the news. Good for long term and must keep. I think the price will be much higher after 2 more years.
He sold to Sime at 2.30 and buy back at 2.90. Loss of 60cents. And now he buys at rm1 above market. Total above market and sold price is rm1 + 60cents = RM1.60. Avg 2.60 and 2.90 is 2.75. So if you take 2.75 + 1.60 = 4.35 it is approx the earlier valuation with 50% off RNAV
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sayonara
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Posted by Sayonara > 2016-05-04 15:43 | Report Abuse
Go Mahsing, you won't regret. Now is almost 1:1 swap with some spare